Transportation News
Explore the latest news from the transportation sphere including car reviews, coverage of the leading automakers, topics on self-driving, autonomous EVs, drones, logistics, etc.
Transportation involves the movement of individuals and goods from one place to another. The transportation industry features a class of firms, businesses, and organizations that deal with the provision of transport services to customers across the world. Transport frameworks, by the portability they give, are firmly identified with financial changes with time.
As per Global Industry Classification Standard, the transportation industry comprises firms that operate and offer services relating to the transfer of people and products through road, airlines, marine, rail, air freight, and logistical means.
Just like every other industry, the evolution of the transport industry has featured the use of several means and modes, from the use of canoes and boats to rails, cars, cargoes, airplanes, etc. and has become more efficient while dealing with new complexities. However, economic doors are more likely to be opened where transportation frameworks can guarantee access to business sectors and assets.
The exhibition of firms in the transportation business is mostly subject to changes in organizational profit and the cost of moving products and services from one place to another. Some of the primary elements influencing organizational profit include the cost of fueling machines, work costs, service demand rate, geopolitical occasions, and supervisory measures and guidelines by the government. Notably, a large number of these components are related. For instance, if some government decides to impose laws and guidelines that make it hard for individuals to secure their corporate drivers’ permit, the number of drivers in the country will see a massive reduction and consequently increase the expense of employing commercial drivers.
Logistics news
Stay tuned to Coinspeaker to get the latest transport industry news and information we take you closer to the world of transportation whose great potential has continued to entice and attract new investors and stakeholders.
Even as Tesla had great results in production and deliveries in 2022, the company missed analysts’ expectations in its Q4 numbers.
Baidu believes that its Robotaxis should eventually cost half of the cost incurred in a commercial car with a driver.
Baidu rolled out its full-driverless robotaxis ride at about the same rate as the other ride-hailing services in August.
As per the permission granted by the UK Civil Aviation Authority, Virgin Orbit can operate its flight from the Spaceport Cornwall in southwest England.
Before news of the US IPO came to light, Zeekr has been taking steps to expand itself, including partnering with Mobileye.
Berkshire Hathaway made its first move to acquire BYD shares after the global financial crisis of 2008, stacking up $230 million worth of the stock at the time at an average price of HK$8 ($1.02).
EV maker Rivian recently scrapped its electric vans deal with Mercedes to focus on its own consumer vehicle operations.
The partnership between Uber and Motional will not be the first time the latter startup has inked a similar partnership with other ride-hailing giants such as Lyft and Via Networks.
Apple has altered the launch date, price, and functionality of its planned self-driving car due to unavailable technology.
VinFast has expressed its intent to expand aggressively into the US via an IPO and production plant.
Instead of designing the Tesla Semi as either a right or left-hand drive truck, Tesla placed the steering wheels in the center of the vehicle with screens overlaying the sides.
Tesla CEO Elon Musk was one of those who shared his sentiments on the likelihood of a recession next year.
Tesla stock seems poised to drop further due to increased EV competition and Musk’s recent involvement with Twitter.
Tencent and Nio Inc’s news has excited investors and potential users, and the shares of Tencent in Hong Kong closed with a gain of 5.85%.
The Tesla Full Self-Driving Beta is now available to all North Americans who paid upfront or entered a monthly subscription plan.